Ronald W. Hovsepian - Oct 4, 2024 Form 4 Insider Report for Skillsoft Corp. (SKIL)

Role
CEO & Executive Chair, Director
Signature
/s/ Richard Walker, as attorney-in-fact for Ronald Hovsepian
Stock symbol
SKIL
Transactions as of
Oct 4, 2024
Transactions value $
-$218,279
Form type
4
Date filed
10/8/2024, 05:50 PM
Previous filing
Jul 22, 2024
Next filing
Oct 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKIL Class A Common Stock Options Exercise $0 +31.3K $0.00 31.3K Oct 4, 2024 Direct
transaction SKIL Class A Common Stock Tax liability -$218K -13.9K -44.35% $15.75 17.4K Oct 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SKIL Restricted Stock Units Award $0 +500K $0.00 500K Oct 4, 2024 Class A Common Stock 500K Direct F2, F3
transaction SKIL Restricted Stock Units Options Exercise $0 -31.3K -6.25% $0.00 469K Oct 4, 2024 Class A Common Stock 31.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to satisfy tax withholding obligations upon vesting.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A common stock of the Issuer.
F3 The restricted stock units vest in 16 equal installments. The first installment vested on the grant date, with 15 subsequent installments vesting quarterly beginning October 16, 2024.